How Likely Is Winning The Lottery? Why growing your own wealth is the smarter choice

by Magical Penny on June 22, 2016

One of the reasons I set up Magical Penny was to encourage people to dream and explain how starting to invest and save can start the journey to becoming wealthy.
By investing and saving consistently over time, and using the power of compound interest to your advantage, your pennies can grow quicker than you might think.
But as humans we are oftentimes tempted to take shortcuts…like playing the lottery!

But how likely is that to happen?

This infographic from Lottoland explains:
oddsofbecomingrich[4]
  • Winning the lottery is almost as likely as having identical quadruplets – with a 1 in 14 million chance. This is less likely than becoming the President of the United States of America.
  • You’re more likely to get rich on the Antique Roadshow than dating a supermodel (1 in 60,000/1 in 88,000)
  • You’re also more likely to marry a millionaire than you are being born with 11 fingers or toes (1 in 215/1 in 500).

How do you like those odds?

Yeah, me neither.
To fix it, have a read of some of the investing or saving articles on Magical Penny for information and inspiration to grow your pennies.
Good luck.

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